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Oct 19 closing price
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$43.08
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-$0.00 (-0.00%)
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5.42B
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Sergey Savastiouk's Avatar
published in Blogs
Oct 01, 2019
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Vivint Solar (VSLR, $6.54) rebuts research on undisclosed lawsuits

Vivint Solar refuted a research note that claimed that the solar-power company has been concealing lawsuits.

"This is a deeply misleading report from a self-interested short seller that we vigorously dispute," Vivint told TheStreet in a statement Monday, after Marcus Aurelius Value sent the stock dropping Friday with a research note titled "VSLR: Fiddler on the Roof."

The Marcus Aurelius Value report indicated that Vivint appears to have largely concealed a growing pattern of undisclosed lawsuits, thereby alleging that the company has been involved  in a nationwide fraud involving forged customer contracts.The report led to Vivint shares plunging by as much as -12% Friday; shares recovered a bit and ended the day down -2%. The stock resumed its decline Monday morning when they fell as much as -7%, but rebounded to close at $6.54, off 0.2%.

 

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General Information

a provider of residential solar energy systems

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electrical Products
Address
1800 West Ashton Boulevard
Phone
+1.877.404.4129
Employees
2998
Web
http://www.vivintsolar.com
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